discuss the role of statistics in economic planning? pls answer fast .
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Statistics are used in economic planning for the following purposes: (i) Statistical data help us in comparing the rate of development of one country with the rate of development of the other country. (ii) The importance of consumption, production, distribution etc can be known from the available statistical data.
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Discuss the role of statistics in economic planning. (i) Statistical data help us in comparing the rate of development of one country with the rate of development of the other country. (ii) The importance of consumption, production, distribution etc can be known from the available statistical data.
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